Global Concrete Block And Brick Manufacturing Market Estimated To Surpass 2700 Billion Units By 2027 Key Highlights:
In terms of volume, the global concrete block and brick manufacturing market was stood at around 2100 billion units in 2018 and is anticipated to expand at a CAGR of more than 3% from 2019 to 2027 Concrete blocks and bricks are often used in the construction industry. Buildings which are made by using concrete blocks are less susceptible to various types of damages and they provide insulation. Compared to blocks, bricks are less expensive and this drives the production of more number of bricks Brick was the major segment in concrete block and brick manufacturing market and is anticipated to dominate the market during forecast period in terms of value and volume Based on region, Asia Pacific held major share in 2018 and is expected to grow at significant rate compared to other region between 2019 to 2027 In Europe, the autoclaved aerated concrete (AAC) segment is primarily driven by the increased focus toward using light-weight building materials. Therefore, the ACC manufacturing segment is anticipated to observe significant growth rate during the forecast. The concrete block and brick market in North America is less attractive due to extensive use of alternate building materials. Texas and North Carolina account for the largest brick shipments among the states. Various green building initiatives undertaken by the Government have led to rise in adoption of green building materials in the region Economic development in Latin America has stimulated the growth of the concrete block and brick manufacturing industry in the region. There are approximately 45,000 brick manufacturers in the region, most of them are informal units. The brick segment is declining its share in North America and Middle East & Africa regions due to increase use of light weight building materials in the regions Development of the building & construction industry is a key driver of the concrete block and brick manufacturing market .The number of new housings are on the rise in the developing countries showing a positive overall trend in the construction sector. Demand for sustainable building materials, especially AAC blocks is expected to drive the global concrete blocks and bricks market. Developed regions